March 31, 2017 / 12:17 PM / 6 months ago

BRIEF-Ground International Development says to establish a joint venture company in PRC

March 31 (Reuters) - Ground International Development Ltd:

* It is proposed that company and possible jv partners are to establish a joint venture company in prc

* Registered capital of jv company is initially set as rmb100 million

* It is proposed that jv company will be owned beneficially as to 80% by company and as to 20% by possible jv partners

* JV company will be principally engaged in development of a cultural-tourism project in nanchang

* Co entered into a non-legally binding memorandum of understanding with jiangxi shengshuitang cultural tourism development

* Upon establishment, jv company will become a non-wholly owned subsidiary of company

Source text (

Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below